Japan Current Affairs - 2019

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Solution for Global Hunger: Study shows instant noodles can play key role to battle global hunger

Instant Noodles a solution to Global Hunger:

As per a latest study by Deborah Gewertz, Professor of Anthropology at Amherst College in US, instant noodles can play a significant role in combating the challenge of global hunger which is aggravating with the increasing population.  

The study examines the history, manufacturing, marketing and consumption of the ubiquitous foodstuff and suggests that instant noodles will have an increasingly important global role in the future.

As per the study, instant noodles are served in variable forms and have already shown a remarkable potential to be a part of diverse lives. Researchers expect that the calories provided by the tasty, convenient, cheap, shelf-stable, industrially prepared instant noodles will remain important as food becomes scarcer in the future.

What is the origin of Instant Noodles?
  • Instant noodles were invented by Taiwan-born inventor Momofuku Ando in Japan.
  • They were first marketed on August 25, 1958, by Ando’s company Nissin under the brand name Chikin Ramen.

In India the most popular brand is Nestle’s Maggi which is regarded in popular culture as a two-minute noodle.

Month: Categories: InternationalPersons in NewsScience & Technology

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No proposal to increase FDI ceiling in banks

The government has clarified that there is no proposal to raise foreign investment limit in the banking sector.

What is the current status of foreign investment in banking sector?

Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be more than 74% in private sector banks while the limit is at 20% for nationalized banks, State Bank of India and its associate banks.

What is the status of FDI in insurance sector?

The government intends to increase the FDI limit in insurance sector. For this it introduced the Insurance Laws Amendment Bill, 2008 in Parliament to increase it from current 26% to 49%. The coverage of life insurance in India has enhanced from 2.15% in 2001 to 3.17% which is above Brazil, Russia, Malaysia, Pakistan, China, Sri Lanka, Australia and Germany. However, the penetration is below France, Switzerland, the UK, the US, Japan, Singapore, South Korea, Taiwan and Hong Kong.

Month: Categories: Business, Economy & Banking

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